I consider Mary Meeker's Internet Trends a must-follow report everytime she puts out an update. How smart it was for KPCB to hire her. She is world-class at research, and every technology entrepreneur and executive would be wise to religiously follow her reports.

Before she left Morgan Stanley for KPCB, I had the pleasure of having dinner with her and Morgan Stanley's CEO, James Gorman, a little over a year before our IPO at Bazaarvoice. It was an evening to remember - a live MBA case study, with James giving the insider's report of the financial crisis. Mary's perspective was fascinating too, not surprisingly.

Here is her latest update, presented on Dec. 3 at Stanford. There is too much to comment on here, and I recommend you study every slide. There are a thousand good business ideas in here for aspiring entrepreneurs that want to change the world.

This just cannot be good for Microsoft. I don't see how this turns around. Windows 8 and the Surface are just not getting the traction expected to maintain their monopoly. For entrepreneurs, though, this creates a lot of opportunity. It also does for Apple, Amazon, and Google, of course.

One of my favorite books is The Innovator's Dilemma and here it is in action again. I consider this a must read for entrepreneurs. It will give you the confidence to go from a perspective of "that's already been done before" to "that's already been done before and can be disrupted because of the dependency on the old order" (Who Moved My Cheese?).